Credit Card Rewards – or Scam? You Be the Judge

Do you have a rewards credit card?  If you do, you know the drill.  You’re supposed to be able to rack up huge rewards for using the card, but in most cases the ones being rewarded are the credit card companies. 

While they slip you bread crumbs in the form of “rewards” with one hand, their other hand is  charging you for the whole loaf of bread with interest rates that would make a loan shark blush. 

While you get soaked with higher interest rates and sometimes an annual fee, they make you beg for your rewards and regularly change the rules in the middle of the game, making collecting your rewards next to impossible. 

Read this article that exposes the credit card companies’ nasty little secret at:

http://money.cnn.com/2008/06/02/pf/rawdeal_rewards/index.htm?postversion=2008060211

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